Seedcamp CEO Reshma Sohoni Acquires Pinecrest Single Family Home From NBA Star Jimmy Butler
Pinecrest, FL, USA
$7,110,000
$931/SF
Building Size
7,630 SF
Asset Type
Single Family Residence
Closing
Aug 25, 2021
AI
A single-family property in Pinecrest, with a total area of 7,630 square feet, was recently sold for a price of $7,110,000. The property was purchased by Reshma Sohoni, who represents Seedcamp, while the seller was Jimmy Butler. Reshma Sohoni was represented by David Siddons from Douglas Elliman, and Jimmy Butler was represented by Michael Martinez from One Sotheby's International Realty. The sale price equated to a price per square foot of $932.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $7,110,000
- Market: Pinecrest
- Buyer: Reshma Sohoni - Seedcamp
- Seller: Jimmy Butler
- Buyer's Representative: David Siddons - Douglas Elliman
- Seller's Representative: Michael Martinez - One Sotheby's International Realty
- Square Feet: 7,630
- Price per Square Foot: $932
The transaction took place on August 25, 2021. This sale showcases the involvement of notable individuals and companies in the Pinecrest real estate market, with Reshma Sohoni and Seedcamp securing the property from Jimmy Butler. David Siddons from Douglas Elliman represented Reshma Sohoni, while Jimmy Butler sought the expertise of Michael Martinez from One Sotheby's International Realty as his representative in the sale.
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Miami Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.23%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93